City of London (LON:CTY) Reaches New 52-Week High – Should You Buy?

Shares of City of London (LON:CTYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 395 ($5.01) and last traded at GBX 430.99 ($5.46), with a volume of 575531 shares traded. The stock had previously closed at GBX 433 ($5.49).

City of London Trading Up 0.3 %

The firm has a market capitalization of £2.14 billion, a PE ratio of 1,730.00 and a beta of 0.66. The business has a 50 day moving average price of GBX 430.47 and a 200-day moving average price of GBX 429.59. The company has a current ratio of 3.34, a quick ratio of 0.50 and a debt-to-equity ratio of 5.73.

City of London Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, October 24th. City of London’s dividend payout ratio (DPR) is 8,400.00%.

About City of London

(Get Free Report)

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.

Read More

Receive News & Ratings for City of London Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City of London and related companies with MarketBeat.com's FREE daily email newsletter.